Kinetic Partners and Redkite Financial Markets have partnered on a comprehensive regulatory and trading surveillance solution combining Kinetics expertise with Redkites software.
The automated, real-time trade monitoring and surveillance solution helps firms comply with ESMAs guidelines on systems and controls.
The effort is led by Kinetics risk and compliance team, headed by Monique Melis, who previously led the FSAs transaction monitoring unit for four years, and Simon Appleton, who spent 13 years at the FSAs monitoring for marketing abuse unit.
A key focus of the ESMA guidelines relates to market abuse controls, demanding that asset managers, brokers, trading platforms and exchanges are required to have sufficient tools to allow them to monitor the activities of their participants, and the end users if applicable, for suspicious or illegal activity, Melis says. Redkite has already implemented a series of market leading actionable alerts, including Ping Orders, Quote Stuffing, Momentum Ignition and Advanced Layering to ensure financial institutions comply with todays requirements. Kinetic Partners is very much looking forward to working with Redkite on what is increasingly becoming an international markets issue.
Justin Amos, co-founder of Redkite Financial Markets, adds: Kinetic Partners global reach and specialist markets team has a wealth of experience working with automated market abuse surveillance solutions and we are delighted to be working together. This partnership creates a service offering that really empowers the industry to respond to change through a single combination of regulatory, technological and practical skills to advise, customize and provide solutions to evolving needs.
(CG)